Untapped Profit: American Water Works Could Surge 10%

Technicals are bullish as the stock continues to power ahead, making new all-time highs.

American Water Works (AWK) continues to power ahead making new all-time highs. AWK sold off the first half of 2015, but it is coming back stronger than ever with our favorite technical indicators confirming the advance.

In this chart of AWK above, we can see prices above the rising 200-day moving average. The On-Balance-Volume line has been trending higher since early July, and the Moving Average Convergence Divergence oscillator moved into positive territory in September.

This longer-term chart of AWK is just great-looking. The uptrend has been punctuated by sideways corrections and the indicators are in gear on the upside. Further gains into the $60-$65 area seem possible in the weeks ahead.

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